One member of this group is Pi Kholneikim, the one with her hand raised in the photo. She is 30 years old and has one son and two daughters, who attend the village school. The family's main source of income comes from Pi Kholneikim's sale of her livestock at the local market. She has become very proficient at raising her farm animals, which are mostly pigs, chickens and ducks. She also works in her homestead garden where she grows cabbages, corn and potatoes to sell at the market. Her harvest is able to provide food for her livestock and her whole family, as well.
Pi Kholneikim is requesting a loan of INR 10,000 in order to buy 4 more piglets, chickens and ducks to raise until full grown. She dreams of expanding her business enough to raise piglets full-time and expand her piggery.
The rest of the members of the group have learned from Pi Kholneikim's techniques and have started raising piglets themselves. They also have businesses that support their families, weaving traditional garments, agriculture, and clothing sales.
Simsahei Group requested a loan from WSDS which serves the women of very remote tribal areas of Northeast India and provides business capital which they can't get elsewhere.
More information about this loan
This loan is part of WSDS's effort to reach some of the most underserved parts of India's troubled northeast region, where there is very poor penetration of both formal and informal financial services. By supporting this loan, you are enabling access to finance for women living in some of India's most remote areas.
Important note about this loanDue to Indian government regulations, if you fund this loan, you will not be repaid for at least 3 years. This borrower will likely repay your loan much sooner than that, in which case, the Field Partner may re-loan your funds to help other local borrowers. We want you to be aware of this minimum 3-year waiting period and the associated risks before making a loan to Indian borrowers on Kiva. Learn More >
WSDS-Initiate is an inclusive nonprofit that works with women across all tribes and minority communities in Manipur, located in the remote northeast region of India. Most organizations concentrate their work in the plains region of Manipur, but WSDS is among the very few organizations serving women in the isolated hills. Political unrest and frequent economic blockades in the area make it very difficult to provide services, resulting in Manipur having the lowest penetration of financial services in the country.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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This loan has been fully funded!